I'm seriously considering buying a 1998 Jeep Grand Cherokee 5.9 Limited. It's 4x4, has 97,000 miles, has the 5.9L V8, and appears to be in pretty good shape. I haven't had my mechanic check it yet, so that will obviously be the make or break for any sort of deal.

Anyways, it's listed at $4995. Is this a fair price? It's at a used car dealer lot. It seems like a good deal to me, but not really sure.

Also, is there anything about the 5.9 that I need to watch out for? Is it the same tranny as the 5.2?

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The transmission is NOT the same as others. its a hybrid version of the 46RE. with a different bellhousing to fit the starter on the right side.

the 46re is a good tranny. it comes in all 5.9 dodge rams (1500/2500)

Reliability on mine has been so so, i've had to replace a few things in the last 6 months, Crankshaft position sensor TWICE (first was not a mopar unit) at $120 for a sensor it sucked, but installation was horrificly difficult.

Fuel pump went, had to drop the skidplate and tow package to drop the tank. took almost a day.

Besides the 5.9/46re combo, the rest of the stock drivetrain is damn near junk, from the D44a rear that is prone to fail and expensive to fix, the 249 Transfercase that has a smaller fanclub then the disease AIDS.

The stock front axle is a Low-pinion dana 30, with CV axle shafts, the front Driveshaft is also a CV unit. (terribly weak but cheap to upgrade)

I have to say tho, Besides being a pain in the azz, i love it. It's fun to drive, extremely Capable offroad, and comfertable. And easy to upgrade, they can be more expensive then an XJ for some repairs/upgrades, but In my opinion, worth it!

When I had mine I loved it. I sold it because it got old having to fix things constantly on it. The rear axle is notoriously having issues and the tc is crap. If I were to buy another one I would put a 8.8 in the rear and 231 tc in it before I drove it around town.

Would I buy another one? Probably not because of their notorious issue they have. To much $$ to fix